INTELCO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
INTELCO
Largest movements
- Deferred charges and accrued income -€31,982
down €31,982 (-98.8%), from €32,384 to €403
- Receivables within one year +€5,624
up €5,624 (+3.1%), from €179,992 to €185,616
of which Trade receivables: +€5,763
- Cash +€3,186
up €3,186 (+166.6%), from €1,912 to €5,098
mainly Deferred charges and accrued income (+€31,982) and Other debts (+€2,500)
- Profit (loss) carried forward -€27,998
down €27,998 (-11.9%), from -€235,911 to -€263,909
- Gross operating margin -€17,965
down €17,965 (-654.1%), from -€2,747 to -€20,712
- Financial charges -€10,610
down €10,610 (-99.0%), from €10,713 to €102
- Other operating charges -€3,271
down €3,271 (-33.8%), from €9,673 to €6,402
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,313 | €273,360 | -€23,953 | -8.1% |
| Fixed assets | 21/28 | €83,025 | €82,243 | -€782 | -0.9% |
| Tangible fixed assets | 22/27 | €83,025 | €82,243 | -€782 | -0.9% |
| Land and buildings | 22 | €82,576 | €81,999 | -€577 | -0.7% |
| Plant, machinery and equipment | 23 | €449 | €244 | -€205 | -45.6% |
| Current assets | 29/58 | €214,288 | €191,117 | -€23,171 | -10.8% |
| Amounts receivable within one year | 40/41 | €179,992 | €185,616 | +€5,624 | +3.1% |
| Trade receivables | 40 | €3,998 | €9,761 | +€5,763 | +144.2% |
| Other amounts receivable | 41 | €175,994 | €175,855 | -€139 | -0.1% |
| Cash at bank and in hand | 54/58 | €1,912 | €5,098 | +€3,186 | +166.6% |
| Deferred charges and accrued income | 490/1 | €32,384 | €403 | -€31,982 | -98.8% |
| Total equity and liabilities | 10/49 | €297,313 | €273,360 | -€23,953 | -8.1% |
| Equity | 10/15 | -€173,911 | -€201,909 | -€27,998 | -16.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,911 | -€263,909 | -€27,998 | -11.9% |
| Amounts payable | 17/49 | €471,225 | €475,269 | +€4,044 | +0.9% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €401,225 | €405,269 | +€4,044 | +1.0% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €527 | €791 | +€264 | +50.1% |
| Suppliers | 440/4 | €527 | €791 | +€264 | +50.1% |
| Taxes, remuneration and social security | 45 | - | €1,280 | +€1,280 | |
| Taxes | 450/3 | - | €1,280 | +€1,280 | |
| Other amounts payable | 47/48 | €698 | €3,198 | +€2,500 | +358.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €782 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,673 | €6,402 | -€3,271 | -33.8% |
| Gross operating margin | 9900 | -€2,747 | -€20,712 | -€17,965 | -654.1% |
| Operating profit (loss) | 9901 | -€13,202 | -€27,895 | -€14,694 | -111.3% |
| Financial charges | 65/66B | €10,713 | €102 | -€10,610 | -99.0% |
| Recurring financial charges | 65 | €10,713 | €102 | -€10,610 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,914 | -€27,998 | -€4,084 | -17.1% |
| Profit (loss) for the period | 9904 | -€23,914 | -€27,998 | -€4,084 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,914 | -€27,998 | -€4,084 | -17.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.